Somnigroup International (NYSE:SGI) Updates FY 2028 Earnings Guidance

Somnigroup International (NYSE:SGI) updated its FY 2028 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 5.150-5.150 for the period, compared to the consensus estimate of 4.800. The company issued revenue guidance of -.

Somnigroup International Price Performance

SGI traded down $0.36 during midday trading on Wednesday, hitting $85.77. 1,443,074 shares of the company’s stock traded hands, compared to its average volume of 1,788,945. Somnigroup International has a one year low of $53.10 and a one year high of $98.56. The company’s fifty day moving average price is $91.54. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $18.04 billion, a P/E ratio of 47.92, a PEG ratio of 1.19 and a beta of 1.28.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $1.87 billion during the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. Somnigroup International’s revenue was up 54.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, March 5th. Somnigroup International’s payout ratio is currently 33.52%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SGI shares. Zacks Research cut Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Stephens started coverage on Somnigroup International in a research report on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 price objective for the company. Wall Street Zen upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Finally, UBS Group decreased their price objective on Somnigroup International from $122.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $102.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SGI. Voloridge Investment Management LLC acquired a new stake in Somnigroup International during the 4th quarter worth $52,804,000. Greenstone Partners & Co. LLC purchased a new stake in Somnigroup International in the 4th quarter valued at approximately $46,941,000. Marshall Wace LLP grew its stake in Somnigroup International by 163.3% in the 4th quarter. Marshall Wace LLP now owns 751,759 shares of the company’s stock worth $67,117,000 after acquiring an additional 466,260 shares during the period. Third Point LLC increased its position in Somnigroup International by 13.3% during the fourth quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock worth $303,552,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in Somnigroup International by 843.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 395,593 shares of the company’s stock worth $35,319,000 after buying an additional 353,657 shares during the period. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

About Somnigroup International

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.